ECONOMY

The last five years have been among the most challenging in the nearly 250-year history of Charlotte. The Great Recession erased the mythology that our community was invulnerable to the vicissitudes of national economic fortunes. Home construction, property values, business investment, and community philanthropy plunged downward at rates not seen since the Depression. Unemployment rates […]

Below are more specific details about the differing tax-restructuring proposals from two N.C. senators. Neither proposal is likely to be adopted exactly as presented, because amendments and changes are likely as the measures move through will the N.C. General Assembly. Clodfelter proposal Details of the tax plan, Senate Bill 394, proposed by N.C. Sen. Dan […]

“In 1965, if you had a good back and a good alarm clock, you could make a good living in Milwaukee,” Mayor Tom Barrett told a recent Raleigh conference, because of the strength, at the time, of that city’s manufacturing sector. Although rural Stanly County is very different, that Milwaukee attitude was also the prevailing […]

The first quarter 2013 Charlotte Business Confidence Index report, released Jan. 2, shows Mecklenburg County business leaders’ optimism about economic prospects in the first quarter 2013 improved compared to their expectations for the fourth quarter 2012. The overall index value of 54.2, an increase of 1.8 points compared to the fourth quarter 2012, represents improved […]

2013 may be a year historians look back on as the time local leaders hit the “reset” button on issues that had been at the forefront of public policy discussions before the 2008 economic meltdown. Will leaders revisit these issues following the same assumptions and conventional strategies as before? Or will lessons learned in the […]

Charlotte has lagged much of the country in this period of economic recovery, but the region has finally begun to see a few small signs of better days on the horizon. Over the past several months, there has been gradual improvement in the unemployment rate and home price index in the region. These bright spots […]

Many people are surprised to learn that agriculture is the No. 1 industry in the state. However, North Carolina is losing farmland faster than any other state – and the number of dairy farms is down dramatically. Agriculture is estimated to be worth more than $70 billion annually to North Carolina’s economy. Agriculture and agribusiness […]

Welcome, Democrats! You have received loads of material on restaurants, sights and the strange habits of the locals. Here is a primer quick enough for you to digest while you spoon through your breakfast grits. First and most important, Charlotte is not some other city. It is not by the sea (that’s Charleston), it does […]

The third quarter 2012 Charlotte Business Confidence Index report, released July 2, shows Mecklenburg County business leaders’ optimism about economic prospects declined compared to their expectations for the second quarter of 2012. The overall index value of 55.4, a decrease of 3.4 points compared to the second quarter, remains positive on business confidence overall, with […]

In this period of high unemployment, not everyone has suffered equally. Two populations of particular concern are veterans and youth. Goodwill Industries of the Southern Piedmont provides services to both of these populations and is a lifeline for some of the most vulnerable populations in the Charlotte region. The agency is continuing its innovation and […]